Abstract:
This study was intended to assess factors affecting the growth of savings and credit cooperative societies
in Serengeti District Council. The specific objectives of the study were to investigate the influence of the
management skills of SACCOs officials on the growth of SACCOs; to examine the influence of members'
Joan repayment on the growth of SACCOs; to examine the influence of mcmbcrs' saving culture on the
growth of SACCOs; and to investigate whether operational costs have effect on the growth of SACCOs.
Stewardship theory was used to guide the study. A descriptive research design was used in the study, and
data were collected using questionnaires, key informant interviews, and documentary reviews. The
targeted population was four SACCOs, and 260 respondents were selected using a simple random
sampling technique. Ordinal logistic regression analysis, descriptive analysis, and content analysis were
used to analyse the data. Findings of the study revealed that the management skills of SACCOs officials,
loan repayment, and saving culture have a positive and statistically significant relationship with the
growth of SACCOs. However, operational costs, on the other hand, showed a negative and statistically
significant relationship with the growth of SACCOs. The study concluded that the management skills of
SACCOs officials, loan repayment, saving culture, and operational costs influence the growth of
SACCOs. The study recommended that SACCOs should offer training and development programmes to
management and staff; this can serve to augment their abilities by attending various meetings. SACCOs
needs to make follow-up on loans; this will help reduce losses incurred in the form of default loans.
SACCOs should also encourage members to make savings; this will help SACCOs be liquid and be able
to run its operations. And also, operational costs should be minimised at all costs since they cannot be
avoided while maintaining compliance.
